Invesco PLC (IVZ) Position Lowered by Sit Investment Associates Inc.
Sit Investment Associates Inc. reduced its position in shares of Invesco PLC (NYSE:IVZ) by 55.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 984,050 shares of the company’s stock after selling 1,219,900 shares during the period. Sit Investment Associates Inc. owned about 0.24% of Invesco PLC worth $25,133,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in IVZ. Nuveen Asset Management LLC increased its position in shares of Invesco PLC by 39.8% in the first quarter. Nuveen Asset Management LLC now owns 1,141,298 shares of the company’s stock worth $35,118,000 after buying an additional 325,008 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Invesco PLC by 12.3% in the second quarter. Retirement Systems of Alabama now owns 1,327,328 shares of the company’s stock worth $33,900,000 after buying an additional 145,534 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Invesco PLC by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,404,695 shares of the company’s stock worth $104,552,000 after buying an additional 28,583 shares in the last quarter. Alps Advisors Inc. increased its position in shares of Invesco PLC by 27.1% in the second quarter. Alps Advisors Inc. now owns 925,205 shares of the company’s stock worth $23,630,000 after buying an additional 197,102 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Invesco PLC during the first quarter worth about $19,524,000. 82.17% of the stock is currently owned by institutional investors.
Shares of Invesco PLC (NYSE:IVZ) traded up 1.864% during trading on Wednesday, reaching $31.975. The company’s stock had a trading volume of 1,886,280 shares. Invesco PLC has a one year low of $23.02 and a one year high of $35.00. The firm’s 50-day moving average price is $30.78 and its 200-day moving average price is $29.63. The company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 16.149 and a beta of 1.96.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The business earned $1.19 billion during the quarter, compared to analyst estimates of $853.16 million. During the same period last year, the business posted $0.63 earnings per share. Invesco PLC’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, equities analysts anticipate that Invesco PLC will post $2.26 earnings per share for the current year.
A number of research analysts have recently issued reports on IVZ shares. Wells Fargo & Co. reissued a “buy” rating on shares of Invesco PLC in a research note on Wednesday, September 21st. Deutsche Bank AG upped their price target on Invesco PLC from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Bank of America Corp. reaffirmed a “buy” rating and set a $37.00 price target on shares of Invesco PLC in a research note on Monday, September 26th. Citigroup Inc. downgraded Invesco PLC from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $27.00 in a research note on Monday, June 27th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Invesco PLC in a research note on Monday, June 20th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $35.92.
In other Invesco PLC news, Director Ben F. Johnson III bought 2,000 shares of the stock in a transaction dated Monday, August 1st. The stock was purchased at an average cost of $29.24 per share, for a total transaction of $58,480.00. Following the completion of the acquisition, the director now owns 28,653 shares of the company’s stock, valued at $837,813.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward P. Lawrence sold 1,609 shares of Invesco PLC stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $30.84, for a total transaction of $49,621.56. Following the transaction, the director now owns 33,848 shares of the company’s stock, valued at $1,043,872.32. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Invesco PLC Company Profile
Invesco Ltd. (Invesco) is an independent global investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment.
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